Can I retire at age 50 with 1,230,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$101,572$100,667$99,785$98,923$98,082$95,056
2 years$50,283$49,347$48,439$47,559$46,706$43,684
3 years$33,189$32,249$31,343$30,472$29,632$26,709
4 years$24,644$23,706$22,810$21,953$21,134$18,332
5 years$19,518$18,586$17,701$16,862$16,066$13,392
6 years$16,102$15,177$14,305$13,485$12,712$10,169
7 years$13,663$12,745$11,888$11,087$10,338$7,926
8 years$11,834$10,925$10,082$9,300$8,577$6,294
9 years$10,413$9,512$8,683$7,922$7,223$5,067
10 years$9,276$8,385$7,570$6,829$6,154$4,122
11 years$8,347$7,464$6,665$5,943$5,293$3,380
12 years$7,573$6,700$5,915$5,213$4,587$2,790
13 years$6,919$6,055$5,285$4,602$4,000$2,315
14 years$6,359$5,503$4,748$4,085$3,506$1,928
15 years$5,873$5,027$4,287$3,643$3,087$1,612
16 years$5,449$4,613$3,887$3,262$2,728$1,351
17 years$5,076$4,248$3,537$2,931$2,419$1,135
18 years$4,744$3,925$3,229$2,641$2,151$956
19 years$4,447$3,638$2,956$2,387$1,917$806
20 years$4,180$3,381$2,713$2,162$1,712$680
21 years$3,939$3,149$2,495$1,962$1,532$575
22 years$3,721$2,939$2,300$1,784$1,374$486
23 years$3,521$2,749$2,123$1,625$1,233$412
24 years$3,339$2,576$1,964$1,482$1,108$349
25 years$3,171$2,417$1,819$1,353$997$296
26 years$3,017$2,272$1,687$1,237$898$251
27 years$2,874$2,138$1,566$1,132$810$213
28 years$2,741$2,015$1,456$1,038$731$181
29 years$2,618$1,901$1,355$951$660$153
30 years$2,504$1,795$1,262$873$596$130
31 years$2,397$1,697$1,177$802$539$111
32 years$2,297$1,606$1,098$737$488$94
33 years$2,203$1,520$1,025$678$441$80
34 years$2,115$1,441$958$624$400$68
35 years$2,032$1,367$895$574$362$58
36 years$1,954$1,297$838$529$328$49
37 years$1,880$1,232$784$487$297$42
38 years$1,810$1,171$734$449$269$35
39 years$1,744$1,113$688$414$244$30
40 years$1,682$1,059$645$382$222$26
41 years$1,622$1,008$605$352$201$22
42 years$1,566$960$567$325$182$18
43 years$1,512$915$532$300$166$16
44 years$1,461$872$500$277$150$13
45 years$1,413$832$469$256$136$11
46 years$1,366$793$441$236$124$10
47 years$1,322$757$414$218$112$8
48 years$1,280$723$389$202$102$7
49 years$1,240$690$366$187$93$6
50 years$1,201$659$344$172$84$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,230,000, adding $4,014 every year, while hoping to spend $24,692 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/41/8 Blend
49$1,230,000$1,230,000$1,230,000$1,230,000
50$1,359,600$1,294,410$1,275,345$1,425,972
51$1,472,008$1,331,564$1,291,797$1,508,761
52$1,595,053$1,369,711$1,307,973$1,595,721
53$1,729,795$1,408,874$1,323,837$1,689,667
54$1,877,400$1,449,075$1,339,351$1,791,263
55$2,039,153$1,490,338$1,354,478$1,901,236
56$2,216,467$1,532,685$1,369,174$2,020,389
57$2,410,902$1,576,141$1,383,396$2,149,603
58$2,624,171$1,620,730$1,397,097$2,289,850
59$2,858,166$1,666,475$1,410,229$2,442,197
60$3,114,968$1,713,402$1,422,741$2,607,821
61$3,396,870$1,761,533$1,434,578$2,788,017
62$3,706,397$1,810,895$1,445,683$2,984,210
63$4,046,332$1,861,511$1,455,995$3,197,969
64$4,419,740$1,913,407$1,465,453$3,431,024
65$4,829,996$1,966,607$1,473,989$3,685,275
66$5,280,822$2,021,136$1,481,533$3,962,820
67$5,776,313$2,077,020$1,488,012$4,265,965
68$6,320,986$2,134,282$1,493,349$4,597,253
69$6,919,813$2,192,949$1,497,463$4,959,483
70$7,578,274$2,253,043$1,500,268$5,355,737
71$8,302,406$2,314,591$1,501,675$5,789,413
72$9,098,861$2,377,615$1,501,591$6,264,251
73$9,974,967$2,442,141$1,499,917$6,784,372
74$10,938,799$2,508,190$1,496,549$7,354,316
75$11,999,252$2,575,788$1,491,379$7,979,084
76$13,166,130$2,644,955$1,484,294$8,664,185
77$14,450,232$2,715,715$1,475,175$9,415,690
78$15,863,459$2,788,089$1,463,897$10,240,285
79$17,418,923$2,862,096$1,450,329$11,145,338
80$19,131,073$2,937,758$1,434,334$12,138,967
81$21,015,827$3,015,094$1,415,770$13,230,115
82$23,090,728$3,094,120$1,394,485$14,428,636
83$25,375,105$3,174,854$1,370,322$15,745,389
84$27,890,255$3,257,311$1,343,117$17,192,335
85$30,659,648$3,341,506$1,312,698$18,782,658
86$33,709,143$3,427,451$1,278,885$20,530,881
87$37,067,236$3,515,157$1,241,488$22,453,009
88$40,765,328$3,604,633$1,200,311$24,566,678
89$44,838,017$3,695,886$1,155,148$26,891,319
90$49,323,431$3,788,921$1,105,782$29,448,344
91$54,263,584$3,883,741$1,051,988$32,261,350
92$59,704,771$3,980,346$993,531$35,356,335
93$65,698,008$4,078,732$930,164$38,761,951
94$72,299,510$4,178,896$861,630$42,509,767
95$79,571,225$4,280,826$787,660$46,634,575
96$87,581,415$4,384,513$707,972$51,174,711
97$96,405,304$4,489,938$622,274$56,172,419
98$106,125,783$4,597,083$530,257$61,674,255
99$116,834,195$4,705,923$431,604$67,731,517
100$128,631,199$4,816,428$325,978$74,400,737